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CBS Headline News

Inflation cools slightly; New York City Council probes prediction markets like Kalshi and Polymarket

 Inflation cools slightly; New York City Council probes prediction markets like Kalshi and Polymarket 150 150 admin
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U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi…

Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion

 Los Angeles Lakers to be sold to Bob Iger, Josh Kushner for $12.5 billion 150 150 admin

The deal comes less than 1 year after Mark Walter purchased a majority stake from the Buss family for about $10 billion.source

CPI report shows inflation eased in July to a 3.4% annual pace

 CPI report shows inflation eased in July to a 3.4% annual pace 150 150 admin

The CPI report was in line with economists’ expectations, marking the second consecutive month with cooler price pressures.source

Top Trump officials heading to Iowa to help GOP campaigns, sources say

 Top Trump officials heading to Iowa to help GOP campaigns, sources say 150 150 admin

The upcoming Iowa State Fair is a pivotal window of opportunity for candidates on the campaign trail.source

Trump says U.S. has "total control" over Strait of Hormuz

 Trump says U.S. has "total control" over Strait of Hormuz 150 150 admin

President Trump said Wednesday that the U.S. has “total control” over the Strait of Hormuz, writing on social media: “I THINK WE WILL KEEP IT.”source

Business

Jury selection begins in Meta youth harms trial in California federal court

 Jury selection begins in Meta youth harms trial in California federal court 150 150 admin

OAKLAND, Calif. (AP) — Jury selection began Wednesday in Meta’s federal trial over claims its platforms have harmed youth mental health and also track children in violation of federal law.…

As Hims prepares for peptides launch, Wall Street cautious on prospects this year

 As Hims prepares for peptides launch, Wall Street cautious on prospects this year 150 150 admin

By Amina Niasse NEW YORK, Aug 12 (Reuters) – Hims & Hers Health plans to offer some legally available peptides in 2026, but investors and analysts who spoke to Reuters…

Analysis-Australia promised 1.2 million new homes, but builders are at their limits

 Analysis-Australia promised 1.2 million new homes, but builders are at their limits 150 150 admin

By Scott Murdoch and Christine Chen SYDNEY, Aug 12 (Reuters) – In the Australian city of Brisbane, builder Jay Perham has been forced to pour concrete at a new housing…

July inflation report to provide crucial signs of where prices are headed

 July inflation report to provide crucial signs of where prices are headed 150 150 admin

WASHINGTON (AP) — Is U.S. inflation stuck at a stubbornly high level or is it steadily cooling? The government’s latest report on consumer prices, to be released Wednesday, should provide…

Oil rises as doubts over US-Iran deal heighten supply concerns

 Oil rises as doubts over US-Iran deal heighten supply concerns 150 150 admin

By Sam Li and Lewis Jackson BEIJING, Aug 12 (Reuters) – Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled…

Oil, gold prices rise as geopolitical tensions mount before CPI

 Oil, gold prices rise as geopolitical tensions mount before CPI 150 150 admin

By Rocky Swift TOKYO, Aug 12 (Reuters) – Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S.…

Morning Bid: Hot spots sizzle, CPI looms

 Morning Bid: Hot spots sizzle, CPI looms 150 150 admin

A look at the day ahead in European and global markets from Rocky Swift Global flash points tried hard to steal the spotlight from a U.S. inflation report that could…

Australia sets ‘world-leading’ minimum pay and insurance rules for gig delivery workers

 Australia sets ‘world-leading’ minimum pay and insurance rules for gig delivery workers 150 150 admin

SYDNEY, Aug 12 (Reuters) – Australia’s industrial umpire has approved new minimum standards requiring food and grocery delivery workers to be paid hourly rates above the national minimum wage and…

Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East

 Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East 150 150 admin

By Howard Schneider WASHINGTON, Aug 11 (Reuters) – Atlanta Fed interim President Cheryl Venable said on Tuesday that inflation remains too high, a message heard from contacts across the Southeast,…

Boeing jet deliveries drop 17% in July 

 Boeing jet deliveries drop 17% in July  150 150 admin

SEATTLE, Aug 11 (Reuters) – Boeing said Tuesday that it delivered 53 jets in July, five more than a year earlier, but a sharp drop from the 64 jets it…

World News

Ukraine says ‘Battle of Donbas’ begins with Russian attacks all along front 150 150 admin

Ukraine says ‘Battle of Donbas’ begins with Russian attacks all along front

By Maria Starkova and Pavel Polityuk LVIV/KYIV (Reuters) -Russian forces have launched their long-anticipated offensive in eastern Ukraine, attempting to push through defences along almost the entire front line early…

Russia launches ‘Battle of Donbas’ on eastern front, Ukraine says 150 150 admin

Russia launches ‘Battle of Donbas’ on eastern front, Ukraine says

By Maria Starkova and Pavel Polityuk LVIV/KYIV (Reuters) -Russian forces have launched their anticipated offensive in eastern Ukraine, attempting to push through defences along almost the entire front line early…

Entertainment

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